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Sunday, September 15, 2019

Yang's VAT for UBI would not fully work

https://youtu.be/zAc2oZLhcto

I am NOT for a Value Added Tax to pay for a "freedom dividend." VAT's will decrease employment possibilities due to a disguised national sales tax and the way it would shut down value adding businesses chain. There is no real need for an additional "tax" type in the system when income tax can be raised for the same effect a universal basic income can provide. A UBI is ok because of the need to shorten the distance between the common american citizen and the federal reserve's discount window for the economy to grow.

(Would create too much dead weight loss per basis chain and could cloud innovation metrics per product price schema.)

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